Brownie's Marine Group Inc (BWMG)

[dickmilde]

Disappointing quarter...
Everything was down for the quarter except Submersible Systems which was up 21.9%. But obviously not enough to keep overall sales from going negative. I expected Blu3 to be down but did not expect the negative results on the other lines of business. Brownie's manufacturers and sells fun toys... this makes it easier for buyers to delay a purchase...Consumers have been hit recently with some serious inflation on all the things they need so it remains to be seen when the economy returns to a more normal state if BWMG will participate.
I had mentioned some time back that " BWMG is a show me stock. " This is still the case. We will need to see improved results before more investors will buy the stock. Management has been very focused with a mindset to turn this into a profitable business so we will see how this all plays out with an improved economy. We are starting into the strong part of the year so we should expect to see improved results for Q2.

2023 Q1 -17.01%
2022 Q4 +37.7% Y/Y
2022 Q3 +80.2%
2022 Q2 +41%
2022 Q1 +108%
2021 Q4 +37% Y/Y
2021 Q3 -7%
2021 Q2 +31%
2021 Q1 +56%
2020 Q4 +54% Y/Y